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is surplus into a huge deficit. in n. paying deficit down you should score the fact we are coming out of iraq and afghanistan. the other thing that the president has proposed and that he he understands is we cannot cut our way to prosperity. we need a balanced approach and growing our economy by doing things leak the senator opposed like restructuring the auto industry in order to put people back to work and make manufacturing jobs grow is one of the actions we need to take in order to do that. the fact of the matter is the president because he has the responsibility of office has been specific about what he proposes and mitt romney tells us to trust him. his plan is hiding behind door number three with carroll merrill and his undisclosed tax returns. >> chris: i'm glad you practiced the line. >> the lines are great. his budget tax increase on job creators. budget gimmicks brings us to $25 trillion in debt over ten years. this president has added more are debt than any other president -- >> not true. >> he said he w
is surplus into a huge deficit. in n. paying deficit down you should score the fact we are coming out of iraq and afghanistan. the other thing that the president has proposed and that he he understands is we cannot cut our way to prosperity. we need a balanced approach and growing our economy by doing things leak the senator opposed like restructuring the auto industry in order to put people back to work and make manufacturing jobs grow is one of the actions we need to take in order to do that....
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there is a constant deficit of what is known as the democratic deficit which is not the deficit we have we have economic deficits but we have these democratic deficit we felt that we can't behave as a union and we found to be caving messy union we can't solve the problems we have for example these debt problem these very large problem could be solved i wouldn't say easily but at least. one thing we could do could be for example to divide the countries that are cutting their budgets and countries that should increase their consumption for example germany well they don't want to do that because they feeling pleasure they're not even a part of a union they are behaving as a single separate country this is the problem we have got to and of course looking to the future generation new data from greece now shows that more than fifty four percent of young people are out of a job spain is not far behind are these countries losing a lost generation or you know what they just pick up sticks and go elsewhere. well of course and in fact many people eager spain are learning german it's become the saf
there is a constant deficit of what is known as the democratic deficit which is not the deficit we have we have economic deficits but we have these democratic deficit we felt that we can't behave as a union and we found to be caving messy union we can't solve the problems we have for example these debt problem these very large problem could be solved i wouldn't say easily but at least. one thing we could do could be for example to divide the countries that are cutting their budgets and...
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Oct 13, 2012
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deficit totals $1.4 trillion. it exceeded the $4 trillion mark. >>> jack kennedy and paul ryan, perfect together? some things about them that are similar. both young, energetic, vibrant. paul ryan things they have something in common, joe biden not so sure. the republican candidate invoked a camelot era comparison. this time, the issue taxes. >> you can cut tax rates by 20% and preserve important preferences for middle class taxpayers. >> not mathematically possible. >> it's been done before. >> it's never been done before. >> a couple of times. >> never been done before. >> ronald reagan. >> now you're jack kennedy. >> ronald reagan. >> twitter was atwitter about that. that comment got a noticeable reaction from the group of undecided voters i watched during the debate last night. see it blown up there in the bottom of the screen. here is the problem, both kennedy and reagan working in a different time and place. to start, when both kennedy and reagan took office, individual tax rates not even in the ballpark of
deficit totals $1.4 trillion. it exceeded the $4 trillion mark. >>> jack kennedy and paul ryan, perfect together? some things about them that are similar. both young, energetic, vibrant. paul ryan things they have something in common, joe biden not so sure. the republican candidate invoked a camelot era comparison. this time, the issue taxes. >> you can cut tax rates by 20% and preserve important preferences for middle class taxpayers. >> not mathematically possible....
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worse by austerity warning governments that increasing economic output should be put ahead of meeting deficit targets in other words governments need to be growing economies not contract thing that she specifically urged policymakers in the eurozone to give greece more time to meet spending cuts goals to soften the impact of austerity according to data from the i.m.f. world economic outlook the eurozone nations that embraced austerity like greece portugal and spain have seen their economies contract far more than yours or nations that haven't so let's hope austerity happy republicans in the united states like paul ryan who's debating tonight are paying attention to the harm their policies are causing across the atlantic. so let's assume you think your neighbor is a terrorist and you just need to find the evidence so you know you start opening his mail and you wiretap his phone and you climb through his window when he's at work and check his internet search history well guess what would happen if you did all of these things and got caught you go to jail these are federal crimes but now let's a
worse by austerity warning governments that increasing economic output should be put ahead of meeting deficit targets in other words governments need to be growing economies not contract thing that she specifically urged policymakers in the eurozone to give greece more time to meet spending cuts goals to soften the impact of austerity according to data from the i.m.f. world economic outlook the eurozone nations that embraced austerity like greece portugal and spain have seen their economies...
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we believe millionaires should pay their fair share in order to reduce the deficit. jon: but isn't it true that the president's, isn't it true that the president's tax plans calls for increasing taxes on those, $250,000? >> he was providing an example of who he asked to pay their fair share in order to reduce the deficit. if you make $250,000, or less, your taxes won't go up. that is contrast with governor romney and congressman ryan who charged the average middle class family with kids $2,000 in order to pay for their tax cut for the wealthiest americans. jon: i want to play a quick clip from my colleague chris wallace and get your reaction. >> i think i have watched almost every presidential and vice-presidential debate since the first four kennedy-nixon debates in 1960, thinking back over the last few minutes i don't believe i have ever seen a debate in which one participant was openly disrespectful of the other as biden was to paul ryan tonight. that's what it was. you can talk about the smirks, smiles, head shaking, the mugging, it was openly, contemptuous and d
we believe millionaires should pay their fair share in order to reduce the deficit. jon: but isn't it true that the president's, isn't it true that the president's tax plans calls for increasing taxes on those, $250,000? >> he was providing an example of who he asked to pay their fair share in order to reduce the deficit. if you make $250,000, or less, your taxes won't go up. that is contrast with governor romney and congressman ryan who charged the average middle class family with kids...
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so mitt romney will cut the deficit by doing something that will add to the deficit. the other thing he brought up, pbs. the only specific that mitt romney gave in terms of how he will cut the deficit. the only detail he provided was that he would eliminate 1/100th of 1% of the budget. there have been lots of attempts to put the number in sper perspective. here's more. >> the federal share of the corporation for public broadcasting is about $450 million this year. that $450 million is about what the pentagon spends every six hours. >> six hours. to be clear, mr. romney and mr. ryan's idea for the deficit to save the country from fiscal disaster and pay for the stuff they want to do that's really expensive, their plan is to eliminate six hour's worth of defense spending. one-fourth of one day's worth of defense spending. at the same time, to make overall defense spending go like this. because, you know, they are the numbers guys. math. want your best rest ever? then don't miss sleep train's best rest event. you'll find sleep train's very best mattresses at the guarante
so mitt romney will cut the deficit by doing something that will add to the deficit. the other thing he brought up, pbs. the only specific that mitt romney gave in terms of how he will cut the deficit. the only detail he provided was that he would eliminate 1/100th of 1% of the budget. there have been lots of attempts to put the number in sper perspective. here's more. >> the federal share of the corporation for public broadcasting is about $450 million this year. that $450 million is...
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-- new deficit neutral. no cost to the deficit and cutting $5 trillion mainly for the wealthy. let's watch. >> with regards to that tax cut, look, i'm not looking to cut massive taxes and to reduce the revenues going to the government. my number one principle is there will be no tax cut that adds to the deficit. i want to underline that. no tax cut that adds to the deficit. >> paul ryan just days before the debate last week directly contradicted romney. ryan said lowering the tax rates was more important than anything else, including getting rid of those deductions to pay for them supposedly. let's watch. >> what's most important to romney, would he scale back on the 20% tax cut for the wealthy? would he scale back and say, okay, we're going to have to raise taxes for the middle class? i guess the question is what's most important to him in his tax reform plan -- >> keeping tax rates down. by lowering tax rates, people keep more of the next dollar they earn. >> that's more important -- >> that's more importa
-- new deficit neutral. no cost to the deficit and cutting $5 trillion mainly for the wealthy. let's watch. >> with regards to that tax cut, look, i'm not looking to cut massive taxes and to reduce the revenues going to the government. my number one principle is there will be no tax cut that adds to the deficit. i want to underline that. no tax cut that adds to the deficit. >> paul ryan just days before the debate last week directly contradicted romney. ryan said lowering the tax...
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our surplus, into a huge deficit. so, in paying the deficit down, you should score the fact that we are coming out of iraq and afghanistan. and, the other thing that the president has proposed and understands, is, that we cannot cut our way to prosperity. we need a balanced approach. and, growing our economy, by doing things like the senator does, like restructuring the auto industry, in order to put people back to work, and make manufacturing jobs grow, is one of the actions that we need to take, in order to do that. but, the fact of the matter is, the president because he has the responsibility of office, has been specific about what he proposes and mitt romney tells us, to trust him, with his plan, it is hiding behind door number 3, with carol merrill and his undisclosed tax returns. >> you know... really, the lines are great, but, chris, the bottom line is this: his budget, tax increase on i don't believe creators, budget gimmicks, and, brings us to $25 trillion in debt over ten years. in fact, this president has
our surplus, into a huge deficit. so, in paying the deficit down, you should score the fact that we are coming out of iraq and afghanistan. and, the other thing that the president has proposed and understands, is, that we cannot cut our way to prosperity. we need a balanced approach. and, growing our economy, by doing things like the senator does, like restructuring the auto industry, in order to put people back to work, and make manufacturing jobs grow, is one of the actions that we need to...
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i'm going to cut the deficit in half. you remember that? guess what? the deficit we just found out is another trillion dollars this year. we've a 50% increase in our debt. do you think it's working? when he pushed through that stimulus package in the united states congress, he said, if you only put a trillion dollars of hard earned taxpayer money into the government, we'll create so many jobs that we'll have the unemployment rate 50% lower today than it actually is. you think it's working? >> no! >> he said pass my health care bill. he jammed it through congress without a single republican vote. he said we need to do this 'cause we can reduce the cost of premiums by $2,500. guess what? we found just found out from the people who look at this, congressional budget office, it's $2,500 increase in our premiums thanks to obamacare. do you think it's working? >> no. >> no, it's not working. but the good news is for ohio and for our country, we have a leader who has the experience. he's got the record. he has the character and he has the policies to turn thi
i'm going to cut the deficit in half. you remember that? guess what? the deficit we just found out is another trillion dollars this year. we've a 50% increase in our debt. do you think it's working? when he pushed through that stimulus package in the united states congress, he said, if you only put a trillion dollars of hard earned taxpayer money into the government, we'll create so many jobs that we'll have the unemployment rate 50% lower today than it actually is. you think it's working?...
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even in the early '80s, the budget deficit was a lot smaller. that's the key reason i'd be concerned. i think tax reform is a good idea. doug is right. we need to have tax reform, but we need tax reform that raises enough revenue to lower tax rates and also goes to reducing future budget deficit because if we don't get the deficits down, lower tax rates aren't going help us. >> and doug, do you think it's fair to say, romney ryan have been saying they think a 3% growth is reasonable. do you think it is? because for in of this math to work out and this whole argument everybody's having about whether they can cut taxes and close enough loopholes, they are counting on economic growth on being part of making up that difference. will it? >> you can't say for sure because good tax policy does t matter. t not the only thing going on out there and you would have to have a displn palestinianed, economic policy. we have a serious threat to the economy from existed and projected debt. it is different from the era of reagan in that debt is not being driven
even in the early '80s, the budget deficit was a lot smaller. that's the key reason i'd be concerned. i think tax reform is a good idea. doug is right. we need to have tax reform, but we need tax reform that raises enough revenue to lower tax rates and also goes to reducing future budget deficit because if we don't get the deficits down, lower tax rates aren't going help us. >> and doug, do you think it's fair to say, romney ryan have been saying they think a 3% growth is reasonable. do...
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but paul ryan is just a terrible deficit for the ticket. the other thing is it is a base election. when we get to this point when we're looking at likely voters, ours are less likely to turn out. they are the young, they are the disadvantaged, they are the new citizens who haven't made a habit of voting. if we see an electorate like in 2008, barack obama wins. if we saw the one from 2010, he loses. so we talk about the independent swing voters all the time but think this is coming back down to the base for both sides. >> i think the obama team has been brilliant on the basics throughout all of this. but one of the basics they can't get away from is the 47% video. i think that is who mitt romney is. and i don't think they can allow him to escape these comments. he said these comments behind closed doors to people he needed their support and money and it's just a condemnation of who he is. then of course, he supports the ryan plan. great to have both of you with us tonight. two of the best, no question about it. thanks for being on "the ed show." remember to answer tonight's question
but paul ryan is just a terrible deficit for the ticket. the other thing is it is a base election. when we get to this point when we're looking at likely voters, ours are less likely to turn out. they are the young, they are the disadvantaged, they are the new citizens who haven't made a habit of voting. if we see an electorate like in 2008, barack obama wins. if we saw the one from 2010, he loses. so we talk about the independent swing voters all the time but think this is coming back down to...
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mitt romney had that deficit. looks like mitt romney has done himself some good in that debate to close that gap. i think you will see the first ladies out there and it is better for the first lady to talk about the "sesame street" line and big bird than the president. you saw that ad out yesterday that many people called absurd. you saw raerp romney have that editorial today and basically saying big bird versus a small president. i think they will step back from having a president talk about big bird and have the first lady do it instead. >> okay. hogan, let's jump ahead to tomorrow night. appreciate sewer truly on for vice president joe biden to deliver the debate in kentucky, same quote. team baerm needs a strong performance from biden to make up for last week and change the subject. another bad outing by a member of the ticket and democratic hand wringing could turn into full-fledged panic. is the shoe on the other foot now with president obama being the underdog, team romney, was panicking? certainly before l
mitt romney had that deficit. looks like mitt romney has done himself some good in that debate to close that gap. i think you will see the first ladies out there and it is better for the first lady to talk about the "sesame street" line and big bird than the president. you saw that ad out yesterday that many people called absurd. you saw raerp romney have that editorial today and basically saying big bird versus a small president. i think they will step back from having a president...
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why didn't we go forward with a plan to reduce the deficit. these guys have been in charge for four years and they don't have a lot to show for it. >> steven, that sounds like an invitation to get lost in the weeds to become the policy wonk that we know both of these two gentlemen are, and let's be honest this is about trying to convince a married woman somewhere in ohio to go republican or democrat versus the other way. how is that going to play? how are details going to play at all tonight? >> i think it's important to have details, just as we saw in the last debate. i think while you could easily get lost in the weeds, i think people came away with an impression as to what each side stood for. i would just say with respect to carly's comments it's not true that obama and biden do not have a budget. they have one. it's called the fiscal year 13 budget they put out that goes into excruciating detail, far more detail than romney and ryan has gone into as to how they would achieve substantial deficit reduction over the next ten years. the presi
why didn't we go forward with a plan to reduce the deficit. these guys have been in charge for four years and they don't have a lot to show for it. >> steven, that sounds like an invitation to get lost in the weeds to become the policy wonk that we know both of these two gentlemen are, and let's be honest this is about trying to convince a married woman somewhere in ohio to go republican or democrat versus the other way. how is that going to play? how are details going to play at all...
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because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >>> mitt romney is trying to close the gender gap before the election, but meryl streep is trying to stop him. and mitt romney is now afraid of answering questions from kids. the kids on nickelodeon. something that john mccain and barack obama did. why is mitt so afraid of the kids? with the spark cash card from capital one, sven's home security gets the most rewards of any small business credit card! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purchase, every day! woo-hoo!!! so that's ten security gators, right? put them on my spark card! why settle for less? testing hot tar... great businesses deserve the most rewards! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? here's your invoice. starts with arthritis pain and a choice.
because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >>> mitt romney is trying to close the gender gap before the election, but meryl streep is trying to stop him. and mitt romney is now afraid of answering questions from kids. the kids on nickelodeon. something that john mccain and barack obama did. why is mitt so afraid of the kids? with the spark cash card...
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romney will make the argument that the 16 trillion-dollar deficit -- debt, rather, is very much part of the obama administration's responsibility because of so much he added to it it substance for mr. romney having criticized joe biden for an absence of style last night, shep. >> shepard: carl cammeron live lancaster, ohio. certain states seem to matter more in this election than others, don't they? in every election the battleground or swing state which could go republic or democrat could matter the most. this year handful of states states including nevada and quarter. molly line with more on this live from boston. >> hi, shep. we turned from the states where they have been spending a lot of time. nevada glitz and glamour of the las vegas strip. real estate tough bed. highest unemployment rate in the nation at 12.1%. difficult place to convince people that things are going to get better. 6 electoral votes are at stake. real estate agent says the housing market has been disseminated. >> because of, you know, mitt romney and knowing how to manage money and obama being for the people,
romney will make the argument that the 16 trillion-dollar deficit -- debt, rather, is very much part of the obama administration's responsibility because of so much he added to it it substance for mr. romney having criticized joe biden for an absence of style last night, shep. >> shepard: carl cammeron live lancaster, ohio. certain states seem to matter more in this election than others, don't they? in every election the battleground or swing state which could go republic or democrat...
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Oct 14, 2012
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we need to get our act together controlling our fiscal deficit in the future. >> i assume you favor a change in corporate taxation? >> the current system does not work. if they say -- prove it. it's hard to prove that in real time. today that it's different this time? five or six bad examples is because of bad policy. ben bernanke, jr., will write a book down the road sign we could have made this better. one thing is taxation. we are training immigrants and sending them back from. some companies have to invest here. if your building a semiconductor plant, a data center, a research center, it does not have to be here. a lot of it can be made over there because taxes are lower. it makes their returns 30%-40% higher. that's economics. separate morality from economics. set up the economic system that is conducive to growth, conducive to jobs, conducive to g.d.p. and then we will have a conversation. i do not mind paying 36.9% in taxes or of my capital gains separate 20%. i want a society getting more economical. do not mess up the economic engine making this possible. you can talk to busi
we need to get our act together controlling our fiscal deficit in the future. >> i assume you favor a change in corporate taxation? >> the current system does not work. if they say -- prove it. it's hard to prove that in real time. today that it's different this time? five or six bad examples is because of bad policy. ben bernanke, jr., will write a book down the road sign we could have made this better. one thing is taxation. we are training immigrants and sending them back from....
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federal deficit topped $1 trillion for the fourth year in a row. the numbers $1.1 trillion in red for fiscal year 2012 which just ended. that is $207 billion less than the previous year. government spending fell 1.7%. tax revenue rose 6.4%. higher gasoline costs drove wholesale prices up. dow broke two-day losing streak. >> disseption in ranks of the "new york times" over the libya story later in the grapevine. up next, the still unreleased video of the benghazi attack. what does it show? [ male ann] the rhythm of life. [ whistle blowing ] where do you hear that beat? campbell's healthy request soup lets you hear it... in your heart. [ basketball bouncing ] heart healthy. great taste. mmm... [ male announcer ] sounds good. it's amazing what soup can do. stop! stop! stop! come back here! humans -- we are beautifully imperfect creatures living in an imperfect world. that's why liberty mutual insurance has your back with great ideas like our optional better car replacement. if your car is totaled, we give you the money to buy one a model year newer. c
federal deficit topped $1 trillion for the fourth year in a row. the numbers $1.1 trillion in red for fiscal year 2012 which just ended. that is $207 billion less than the previous year. government spending fell 1.7%. tax revenue rose 6.4%. higher gasoline costs drove wholesale prices up. dow broke two-day losing streak. >> disseption in ranks of the "new york times" over the libya story later in the grapevine. up next, the still unreleased video of the benghazi attack. what...
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you made them. >> no, we did not. >> it was not a spending caused deficit. it was a war caused and tax cut caused deficit. >> not such a high def sit as we have now. they were not cuts in marginal tack rates. they were giving back money to people in terms of programs -- >> not stimulative. >> look, everyone knew that we were in a recession, everyone knew it was terrible. part of why barack obama got elected. it didn't how much money they were getting back. people were still scared. people were not going to spend their money. you can't blame that on a president and say look he was the boogeyman. people will hold on to their money tight. >> absolutely. we see in our new -- the new numbers out of the consumer confidence is that consumer confidence is you. we may be in a place where we're starting to move out of it. we've gotten the consumer confidence index moving up. there's a big truth fight going on all week. what really happened in libya? i want to talk a bit about that next. [ female announcer ] most whitening strips promise full whitening results in two w
you made them. >> no, we did not. >> it was not a spending caused deficit. it was a war caused and tax cut caused deficit. >> not such a high def sit as we have now. they were not cuts in marginal tack rates. they were giving back money to people in terms of programs -- >> not stimulative. >> look, everyone knew that we were in a recession, everyone knew it was terrible. part of why barack obama got elected. it didn't how much money they were getting back. people...
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congress and washington doesn't get the deficit situation taken care of, these tax limitations are coming in, spending cuts are going to happen and that is what businesses are really afraid of. >> one of our headlines, excuses, excuses. i love that because one study says that a third of americans play hooky from work. >> yeah, a third. can you believe that? what is really interesting, too, is what their excuses are. some of the ones that i thought were some of my favorite. one man said that he forgot that he had -- he got hired for the job. >> what? >> yes. another woman said that her grandmother was being exhumed for an investigation. and therefore can't come in to work. her grandmother, someone part of the manson family that was under investigation now? yeah, so, that -- so there's that. and also, people still look at -- employers also investigate whether or not you're coming into work or not. that's something you have to be worried about, too. >> wow. okay, that's pretty good. thank you very much hitha prabhakar. i'm never using either of those now. >> no. >> in this morning's one-minu
congress and washington doesn't get the deficit situation taken care of, these tax limitations are coming in, spending cuts are going to happen and that is what businesses are really afraid of. >> one of our headlines, excuses, excuses. i love that because one study says that a third of americans play hooky from work. >> yeah, a third. can you believe that? what is really interesting, too, is what their excuses are. some of the ones that i thought were some of my favorite. one man...
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some serious deficit reduction. and i think when he looks at the math, if the three choices if, what i've outlined is correct and almost every expert agrees, you can only have two of those. which is the one that even he might go for? i'm not saying he will say that tomorrow. but i don't think he'll be the president so it won't matter. but that's what i think. >> does this put pressure on your colleagues? >> you know, there's no pressure i can put on them. i can propose an idea and see people grasp it. if it helps move things forward, that is my intention and i hope that's what happens. >> i want to double-check in terms of major retirement entitlement reform. one of the big issues is raising the age. are you taking it off the table? >> no, i am not taking anything off the table. i have been personally against raising the age. i continue to be. i have never on any of these issues say i will not support this bill. i don't think raising the age will happen. i think there's a lot of opposition to it. >> you just mention
some serious deficit reduction. and i think when he looks at the math, if the three choices if, what i've outlined is correct and almost every expert agrees, you can only have two of those. which is the one that even he might go for? i'm not saying he will say that tomorrow. but i don't think he'll be the president so it won't matter. but that's what i think. >> does this put pressure on your colleagues? >> you know, there's no pressure i can put on them. i can propose an idea and...